I received a 1099-S this year for selling my house to my son due to health issues and being on retired disability. I did not make any profit from the sale; my son bought it at the amount left on my loan, making the equity like a gift. Do I need to report this, and if so, where do I enter this information?

July 14th, 2024

I have not received my stimulus check. Is there a way to check if it has been issued, and what should I do if I haven't filed my taxes due to being in a rehab center during the lockdown?

December 11th, 2023

My employer claims I made $25,000 in 2020, but I have proof I made $7,960. What should I do?

July 30th, 2024

I have a 1099-R and a 5498 form showing a rollover. I don't see where to enter the rollover information in TurboTax. How do I handle this situation to ensure I don't have to pay taxes on the rollover?

April 6th, 2023

My elderly father is living with me and I care for him. Social Security requires that individuals pay a spend down if they go into a nursing home unless they are paying someone to care for them. Therefore, he pays me $2500.00 a month. Do I need to pay taxes on this and do I need to file a tax return?

May 30th, 2024